Harmony Gold Mining (NYSE:HMY) Stock Rating Upgraded by Wall Street Zen

Harmony Gold Mining (NYSE:HMY) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday, Wall Street Zen reports.

Several other equities research analysts have also commented on HMY. Weiss Ratings lowered Harmony Gold Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Zacks Research raised shares of Harmony Gold Mining to a “hold” rating in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Harmony Gold Mining Trading Down 6.9%

Shares of HMY stock opened at $16.38 on Monday. The stock has a 50 day moving average of $17.75 and a 200 day moving average of $17.76. Harmony Gold Mining has a twelve month low of $13.03 and a twelve month high of $26.06.

Hedge Funds Weigh In On Harmony Gold Mining

A number of large investors have recently bought and sold shares of HMY. Private Advisor Group LLC purchased a new position in Harmony Gold Mining during the third quarter worth approximately $273,000. Ieq Capital LLC grew its holdings in Harmony Gold Mining by 137.0% in the third quarter. Ieq Capital LLC now owns 31,249 shares of the mining company’s stock valued at $554,000 after purchasing an additional 18,061 shares during the period. Global Retirement Partners LLC grew its holdings in Harmony Gold Mining by 164.7% in the third quarter. Global Retirement Partners LLC now owns 3,886 shares of the mining company’s stock valued at $69,000 after purchasing an additional 2,418 shares during the period. Hantz Financial Services Inc. increased its position in shares of Harmony Gold Mining by 43.7% in the third quarter. Hantz Financial Services Inc. now owns 41,050 shares of the mining company’s stock valued at $727,000 after buying an additional 12,481 shares in the last quarter. Finally, North of South Capital LLP increased its position in shares of Harmony Gold Mining by 35.5% in the third quarter. North of South Capital LLP now owns 190,990 shares of the mining company’s stock valued at $3,384,000 after buying an additional 50,044 shares in the last quarter. Institutional investors and hedge funds own 31.79% of the company’s stock.

About Harmony Gold Mining

Harmony Gold Mining Company Limited is a South African mining company focused on producing gold. Its activities include operating underground and surface mines, processing ore, and exploring for new mineral deposits. The company also produces silver and copper as by-products at some operations. Founded in South Africa in 1950, Harmony has expanded its operations beyond its home country. It operates mines in South Africa and Papua New Guinea, including the Hidden Valley mine in Papua New Guinea, and participates in the Wafi-Golpu copper-gold project through a joint venture.